Beginners Guide to NordFX Review 2021 Is it Safe? All The Pros & Cons

NordFX gives traders access to a vast range of educational resources as well. The Learning Center is an online resource that provides traders with the resources they need regardless of their skill levels. The educational information there can help all traders develop skills and get insights for successful trading.

  • Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.
  • Evaluation includes researching the NordFX management team, track record, and services.
  • Throughout our comprehensive NordFX review, we have covered a lot of ground and provided an in-depth analysis of the platform’s features and functionality.
  • Execution is also automatic, meaning that even while you’re not logged in to the MT4 platform, you will be placing trades.

Between 74-89% of retail investor accounts lose money when trading CFDs. If you’re interested in comparing NordFX against other popular brokers in the industry, check out our NordFX Vs pages. Our team has compiled a series of detailed NordFX comparison articles, pitting the NordFX platform against some of the best-rated NordFX competitors in the market.

Is NordFX A Good Broker?

It’s essential to take the time to learn about the financial markets and understand how they move before diving into trading with NordFX. Familiarizing yourself with the NordFX trading platform is crucial to use it effectively. When using NordFX, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened.

  • After logging into your NordFX account, you’ll find a range of trading platform options available below.
  • There is also a savings account where owners can take loans on their investment to trade, thus generating extra profit on their trading activity.
  • NordFX compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like NordFX to maintain licenses and operate in certain jurisdictions.

Using Autochartist can save NordFX users time and makes the trading process more efficient. It’s essential to note that the trading instruments offered under the NordFX brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the NordFX trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

MetaTrader 5

The DeFi Savings provides traders with an average yearly interest of 30% and loans available for trading at 3%. If for some reason you make a deposit, but the funds do not get credited to your account balance, you can visit the Trader’s Office online and then head to the Lost Transfer Notification section. The money should arrive in your account within a business day after this. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by, nor shall it bias our broker reviews.

Trading Platforms

A minimum deposit is the minimum amount of money required by NordFX to open a new online brokerage account with them. As a trader, you should feel confident that your financial investments are in good hands with NordFX. That’s why it’s essential to understand the NordFX company policies and practices before making any investment decisions. By doing your due diligence and understanding NordFX platform, you can make informed investment choices that align with your financial goals.

NordFX allows traders to trade on mobile devices
through Android and iOS devices like the iPhone. NordFX is regulated,
governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers’ behaviour, and they will take necessary action if things go wrong.

This can be a good solution for those of you who do not have the time nor experience to trade manually by yourself. Overall, Nord Fx seems to offer a great range of accounts for all types of traders. Like the majority of brokers, they do offer a free demo account to practise trading on. If you’re new to trading I would advise trying out one of their demo accounts to perfect your skills or even just to test the trading conditions if you’re already an experienced trader. Although traders have had great success with NordFX, trading on the financial markets with NordFX is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase.

Although NordFX are not perfect; we found many really useful aspects with the overall offering from NordFX. However, remember that you won’t be able to make trades on NordFX until you have passed compliance, which may take several days, depending on your circumstances. It’s essential to complete the NordFX KYC compliance process as soon as possible to avoid any delays in accessing the NordFX platform’s features. Explore the NordFX platform and train yourself to think systematically and logically about the markets. Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with NordFX involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing.

NordFX Editor’s Verdict

NordFX MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. New versions provide improved functionality and increased stability. NordFX MetaTrader 5 allows traders to look at nord fx market statistics of financial instruments traded in the market execution mode. With Autochartist, NordFX traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs.

Users on the platform are able to wire funds directly into their accounts, use credit or debit cards, or various other online payment methods. Though many experienced traders will welcome this high leverage limit, for new investors, it is important to manage risk. A common reason many newbies lose money is by overextending positions. The easy-to-use interface also doesn’t limit more experienced traders. There are enhanced levels of functionality to dig down into and a wide range of data and charts available for analysis if users want more control and insight over their investment decisions.

There is also a small commission of 0.8% if you choose to use WebMoney, but never more than $50. Traders are able to deposit their money in USD or EUR currency too. To start the process of opening an account with NordFX you can visit the NordFX trading platform here. Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money. As part of our NordFX review, we review customer service options, response times and problem resolution effectiveness on the NordFX trading platform. The NordFX trading platform supports multiple languages, which includes Indian, Chinese, Arabic, Brazilian, English, Spanish, Russian.

Completing the asset management focus at NordFX are five investment funds this broker manages. The minimum deposit requirements range between $500 and $2,000 with an investment timeframe from three months to one year. adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

As an added bonus, advanced security ensures data transfer safety. This is a small range of currency pairs compared to competitors, with no exotics, but traders do benefit from tight spreads, low or no commissions and low latency. There is plenty of untapped potential at NordFX, but the existing foundation is solid. Adding third-party plugins for the MT4 trading platform will go a long way and boosting the overall appeal of this brokerage. A broader asset selection will be appreciated, complementing the great trading conditions in the Zero Account.

NordFX partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their NordFX clients’ funds.